stablecoin payments

The CEO of Rain stated that stablecoin payments are rapidly expanding in adoption. These payment methods have reportedly reached more than 100,000 merchants.

BitPay has been approved by the Dutch Authority for the Financial Markets as a crypto-asset service provider under the Markets in Crypto-Assets (MiCA) requirements. The company plans to expand its stablecoin payment offerings.

Stablecoin payments were priced 3.2 basis points below interbank FX rates across 260 corridors in Q2, according to Borderless.xyz's benchmark. Routing is now the largest cost lever in stablecoin transactions.

Credit unions managing $25B in assets are joining a pilot program by Stablecore, Circuit, and Curql to test stablecoin payments and digital asset services. The initiative aims to expand financial technology capabilities for participating US credit unions.

The movement is shifting focus to stablecoin payments as the previous layer-2 boom is losing momentum. This indicates a strategic change in the blockchain sector's approach to scaling solutions.

Coinbase CEO Brian Armstrong's vision for upgrading global finance aligns with the company's expansion into stocks, prediction markets, and stablecoin payments. However, some of his priorities remain aspirational, indicating a mix of current initiatives and future goals.

Solana has partnered with Shinhan Card, a major South Korean financial services company, to integrate stablecoin payments for its 28 million users. This collaboration aims to expand cryptocurrency adoption in South Korea by leveraging Shinhan Card's extensive user base and Solana's blockchain technology.

DoorDash is introducing stablecoin payments for users through the Tempo Blockchain platform, expanding its payment options. The move aims to leverage blockchain technology for faster and more efficient transactions.